Posts Tagged ‘funding’

SpazioDati Raises $1.8M Series A Investment from Cerved Group

spazioTrento, Italy, March 31 2014: Big Data and Semantic technology startup SpazioDati, with offices in Trento and Pisa, Italy, has raised a Series A investment from Cerved Group S. p. A.

The funding, which amounts to $1,8M will expand SpazioDati’s technology team and improve the capacity of  its Knowledge Graph APIs and Semantic Text analysis APIs––both technologies available on SpazioDati’s data marketplace, dandelion.eu Read more

Wise.io Raises $2.5 Million to Bring Machine Learning to Customer Experience

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BERKELEY, CA–(Marketwired – Mar 17, 2014) –  Wise.io today announced that it has raised $2.5 million in Series A funding led by Voyager Capital and named predictive analytics technology industry veteran Jeff Erhardt as CEO. Company co-founder Joshua Bloom will assume a new role as CTO leading the technology direction for Wise.io.

 

Machine Learning is unquestionably the future of advanced analytics for the enterprise. When I first met Wise.io, I was struck by the caliber of the team and the unequaled performance of their core technology,” said Daniel Ahn, managing director at Voyager Capital who joined the Wise.io board as part of the transaction. ”Ultimately, what distinguished Wise.io from the other vendors and compelled us to invest was their focus on providing a complete turnkey product that was easily accessible to business users.” Read more

DataRPM Raises $5.1M for Business Intelligence with NLP

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Derrick Harris of GigaOM reports, “DataRPM, a Fairfax, Va.-based startup that has built a business intelligence product based on search engine technology, has raised a $5.1 million Series A round of venture capital. InterWest Partners led the round, which follows up on a $250,000 seed round the company raised in April. As we explained in a July post about an ‘askathon’ (essentially, a business intelligence hackathon) the company was hosting, DataRPM is based on search technologies and tries to deliver a search-like experience. Data is indexed rather than modeled, and users perform queries in a search bar using natural language.” Read more

Retail Analytics Firm Raises $8M from Investors Like Nike

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Apparel.com reports, “Reflektion, a retail analytics firm, has raised $8 million in a Series B funding round led by Intel Capital and including NIKE, Inc. as well as several private investors. Reflektion provides a predictive analytics platform for retailers and brands through an easily deployable Software-as-a-Service (SaaS) model. The company plans to use the funding to support its customers — including Converse, Inc., which is currently piloting the technology, O’Neill, A.M. Leonard and RealTruck — and to launch broadly its ecommerce and business intelligence solutions in the market. The resources will also be used for additional product development, plus expanded sales and marketing activities.” Read more

DataRPM Secures $5.1 Million in Series A to Advance Cognitive BI Platform

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FAIRFAX, Va.–(BUSINESS WIRE)–DataRPM, the industry pioneer in cognitive business intelligence, today announced that it has closed a $5.1 million Series A funding round. Led by InterWest Partners and joined by CIT GAP Funds, the round will be used to accelerate DataRPM’s global go-to-market strategy. DataRPM changes the way individuals work with data, making analytics more accessible and easier to use by solving the two main barriers to the adoption of data analysis – time consuming data modeling and usability. The DataRPM business intelligence (BI) platform removes those barriers, automating the data modeling process and employing a natural language question-and-answer interface to simplify data analysis and visualization. Read more

IBM Invests in Welltok, a Health Platform Using the Power of Watson

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Dan Primack of Fortune reports, “Last month, IBM committed to invest $100 million in tech startups that are leveraging Watson, the company’s famed cognitive computing platform. [Wednesday], IBM [announced] that the first portfolio company in its ‘Watson Fund’ is Welltok, a Denver-based health optimization platform. IBM is participating in Welltok’s new $22 million Series C funding round, which is being led by venture capital firm New Enterprise Associates. Also investing is Qualcomm Ventures and existing Welltok shareholders Emergence Capital Partners, InterWest Partners, Miramar Venture Partners and Okapi Venture Capital.” Read more

Former AOL CTO Raises Funds for Concurix Semantic Monitoring Service

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John Cook of GeekWire reports, “Concurix, a Kirkland startup led by former AOL Chief Technology Officer Alexander Gounares, has $1 million in fresh capital that it will use to continue development of a monitoring service that helps developers visualize millions of lines of codes. Total funding in the startup now stands at $2 million, following an earlier round that closed last year from GSharp Ventures and others. Just yesterday, Concurix announced a new “semantic monitoring service” for Node.js applications. ‘We are able to automatically instrument and monitor an entire Node.js application, even ones with millions of lines of code,’ Gounares tells GeekWire. ‘This enables our customers to to quickly find and diagnose performance bottlenecks and latency issues in their web and mobile applications, improving their own customer experience and reducing data center costs’.” Read more

Mobile Republic Raises $6M for News Aggregator

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Liam Boogar of Rude Baguette reports, “At the Intel Capital Global Summit today in San Diego, California, Bordeaux-based startup Mobiles Republic (which runs News Republic) announced a $6 Million round of funding from Intel Capital, XAnge Private Equity & Creathor Venture, in order to support product development & expansion into the US market. The application relies on a powerful real-time semantic engine which allows them not only to provide ‘context aware advertising’ but also to filter based on personalized preferences.” Read more

CoolaData Raises $7.4M for Analytics Platform

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Derrick Harris of GigaOM reports, “CoolaData, a Tel Aviv, Israel-based startup, has raised a $7.4 million series A round for its behavioral analytics service that’s built entirely atop Google’s cloud computing platform. Greylock IL and Carmel Ventures led the round. The company came about a year ago after co-founders Tomer Ben Moshe and Guy Greenberg were running a consulting business and realized a “tremendous hunger for what [they] call unified behavioral analytics,” Ben Moshe said during a recent interview. What that means is companies want to take all the data they’re collecting via web applications, combine it with internal data and then do things like cohort analysis, clustering and other statistical-analysis functions on top of it.” Read more

New Fund Ready to Back Big Data Startups

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Alexandra Stevenson of The New York Times reports, “You may not admit that you want to watch ‘The Real Housewives of New Jersey,’ but Netflix knows you do. Using algorithms that use search data to predict what television shows people want to watch is one way in which companies are using Big Data to connect the dots. It’s captured the imagination of some of Silicon Valley’s most well-known venture capitalists, who have committed more than $10 million to a new early stage fund to help foster start-ups that analyze behavioral data to determine patterns and make predictions about social behavior.” Read more

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